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OVB Holding AG
M&A Activity • Dec 11, 2018
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M&A Activity
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News Details
Ad-hoc | 11 December 2018 13:02
OVB Holding AG is entering another European Market with Belgium
OVB Holding AG / Key word(s): Mergers & Acquisitions
OVB Holding AG is entering another European Market with Belgium
11-Dec-2018 / 13:02 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
**Publication of insider information in accordance with Article 17 of the Regulation
(EU) No. 596/2014**
OVB Holding AG is entering another European Market with Belgium
Today, OVB Holding AG signed a contract with AG Insurance NV for the complete acquisition of the Belgian brokerage company Willemot Bijzonder Verzekeringsbestuur NV (“Willemot NV”), domiciled in Gent.
In the 2017 financial year, Willemot NV generated sales of EUR 11.9 million. The company acts as a broker and operates its own brokerage platform.
OVB will continue the company under the brand name Willemot.
The purchase price will amount to a figure in the low single-digit millions of euros. Confidentiality was agreed on other details of the contract.
The contractual partners will provide FSMA (the Belgian Financial Services and Markets Authority) with a notification of the transaction. Closing is expected at the end of the first quarter of 2019.
Contact:
OVB Holding AG
Heumarkt 1
50667 Cologne
Tel.: +49 (0) 221/2015-288
Fax: +49 (0) 221/2015- 325
E-mail: [email protected]
Internet: www.ovb.eu
ISIN DE0006286560
WKN 628656
Stock exchange: Frankfurt Stock Exchange, regulated market (Prime Standard)
11-Dec-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | OVB Holding AG |
| Heumarkt 1 | |
| 50667 Köln | |
| Germany | |
| Phone: | +49 221 2015 – 0 |
| Fax: | +49 221 2015 – 264 |
| E-mail: | [email protected] |
| Internet: | www.ovb.eu |
| ISIN: | DE0006286560 |
| WKN: | 628656 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart |
| End of Announcement | DGAP News Service |